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, this is "the daily show with jon stewart." captioning sponsored by comedy central [theme song playing] [applause] >> jon: hey, everybody. welcome to "the daily show." my name is jon stewart. we have a very special show, very special guest tonight. medal of honor recipient sergeant first class leroy petry will be joining us on the program tonight. we're honored. we begin tonight, of course, with the looming crisis. as you know, on august 2nd, if america fails to raise the debt ceiling, we default on our debt. people lose the capacity to love. [laughter] and animals lose the capacity to lick their own genitals. that's right. if we don't raise the debt ceiling on august 2nd, man will be sentenced to an eternity of licking our own pet's genital, because what would we really do? let them dry out? of course not. [laughter] so hopefully our president, barack obama, can in one swift rooseveltian "we have nothing to fear but fear itself" moment ease the american psychoi can. >> can you tell the folks at home that no matter what happens the social security checks will go out on august 3rd. >> i
: "happening now" starts now. jon: we begin with this fox news alert, breaking news and new video from mumbai, indian where three large explosions have rocked that city. we are getting reports that at least eight people are dead. more than a hundred injured in what appears to be a series of coordinated attacks. the blasts coincide with the birthday of the only surviving gunman from the 2008 mumbai attacks nearly three years ago. those attacks killed 166 people. let's go to kt mcfarland a fox news national security analyst and host of fox news.come live depth con 3. is it too early to assign responsibility. >> reporter: it is too early. a couple of things we need to keep in mind about the whole region, the last terrorist attacks, the mumbai attacks, the mumbai-style terrorist attacks on the hotel in mumbai those were ultimately traced, unofficially to the pakistani intelligence services. there are a couple of conclusions we want to make prior to making any real conclusions, probably is there a connection to pakistan unofficial or otherwise. is this the first attack that we're going to see and
. that was delivered by arizona senator jon kyl this morning. >> president obama is simply too committed to the european style of big government, that his policies have set in motion. to democrats in washington, the answer isn't to cut spending, but to raise taxes and keep on spending. republicans believe we must solve our debt crisis. and we believe we can solve it if democrats will work with us. >> all right. we do have our correspondents up early this morning. athena jones at the white house for us this morning, also our joe johns, keeping an eye on capitol hill. joe, let me start with you, forget all the symbolic votes, the one we saw yesterday could see another one today this early afternoon. forget that stuff. what is a real possibility of happening right now? how are they going to get this done? >> okay. first, you got to say, this is a poisonous environment on capitol hill and in washington in general, but the way the democrats have been able to do this before is they've reached out to a group of potentially persuadable senators in the middle. these would be people who can sort o
are really embracing it as a way to draw others out. for instance, jon huntsman who is struggling in the polls now is really trying to use this as a referendum on mitt romney's leadership. not necessarily coming out saying he backed boehner's planning saying it's in the right direction, that he agrees that there should be no tax revenue and no tax hikes. so he's really trying to land some hits on romney in this instance. and, of course, all of them are using this to really make this argument that barack obama hasn't led, that he has no plan of his own, and that he is really a big spending liberal who has really presided over this massive increase in spending and deficit spending. >> right. so with the president's overall approval rating hitting a new low, it's now just 40%, do you think this debate helps or hurts the president in 2012? if everything gets done and over with here and we have an end of the summer sort of the heat and rhetoric all calms down, will this be a factor this time next year? >> i think it will definitely come up again. on the one hand, you're going to have r
boehnor, eric canton, mitch mcconnell, jon kyl, collectively they passed 19 votes during the bush administration to raise the debt ceiling, just those four guys. raising the debt ceiling is not something that usually has a big fight over it. sometimes it does, sometimes part of congress tries to leverage this vote because it's something that absolutely has to pass. in the same way crafty politicians will sometimes attach unrelated things to the pentagon budget because the pentagon budget everybody agrees has to pass, in that same way, politicians in the past tried to attach things to the debt ceilings. they not only failed, they so misunderstood the dynamics of their own party, john boehnor is so bad at his job, a political pundit at 9:00 p.m. on nbc, using this as a metaphor of what just happened to them. the breeze helps, i think. republicans blew it. they totally, utterly, 100% blew it, and today they had to essentially surrender. >> republicans senate leader mitch mcconnell presented. >> after weeks and months of fighting about it, senate republicans today proposed allowing pr
the talks by vice president biden. the majority leader represented house republicans, jon kyl for senate republicans, and that vice president. they have been talking about all lot of cuts, both to discretionary and non- discretionary spending, but there the problem is that it does not seem to add at to what they would need to meet the president's requirements to get the country through the next election. that would be somewhere in the area of $2.4 trillion increase in the debt ceiling. john boehner has made it clear that for any increase in the debt ceiling, they will not need more than a one-one increased ratio. quite frankly the democrats have not agreed to that level of cuts. it looks like they will go back today, scour potential areas of saying that they have talked about, and see how much they can agree to and go from there. agree to and go from there. host: in your article from yesterday's with the headline " boehner tells conference big deal no longer operative," you said that there were criticisms for the grand bargain. he pays -- he faced opposition from eric cantor. they presen
ceiling. here is senator jon kyl's take on where things on. >> three months ago the president insisted on a clean debt ceiling extension. clearly we will have a significant amount of spending reductions in this proposal. the second thing was he insisted on revenues as he called them. tax increases. there will not be tax increases in this proposal. >> bottom line, the most liberal members are not going to be happy with the details they hear. some of the tea party folks will not be happy with the details they hear but they are trying to find a compromise and obviously the clock is ticking. >> shannon: thank you very much. what does happen if the nation fails to raise the debt ceiling by the deadline on tuesday? nobody really knows for sure. most experts agree the country may not have enough money to pay all of its bills and that means $23 billion of social security checks set to go out on wednesday could be in jeopardy. bondholders will still get paid but that will come at the expense of unemployment, medicaid and defense spending. and you are looking live at the senate floor. a cloture
. paul, what do you have? >> reporter: let's talk -- start with jon huntsman. i guess call it 2.0. remember, he jumped into the race for the white house about a month or two ago? a lot of fan fare but not rising in the polls. in fact, not doing much at all in the polls. what do you do? i guess you shake things up if that is the case. changes campaign manager last week. now a newer maybe tougher jon huntsman on the campaign trill. heard it yesterday in new hampshire. aggressive going after president obama and aggressive going after mitt romney who is considered i guess right now in the early stages of this race the front-runner for the gop nomination. campaign aides to huntsman say expect to hear more of that. >>> george pataki, i guess we have to talk about him. three terms in the '90s and last decade as well as governor of new york. he is in new hampshire today and tomorrow. last week, in iowa. the first two states in the presidential primary and caucus calendars calendar. does this mean he is thinking about running for the white house? yeah, an adviser to him, a spokesman says
, after the media hype, it didn't work. it's passed away. >> we go from jon huntsman to tim pawlenty, a very nice guy, successful minnesota governor. yet the iowa poll that came out suggests tim pawlenty is in big trouble. >> he can't great through. he's on the sunday shows, making speeches at cfr, but he hovers around the 9% margin. if he doesn't make a move quickly, he better watch it. >> a cautionary note on pawlenty. he's been in iowa working for i don't know how long. he's got to be organized for the iowa straw polls in august. i think he's got to outperform whatever present number he has. michele bachmann has been in there three weeks. you have to organize the state and the community. he's probably been in all 99 counties. he might have a surprise showing in the iowa aim straw poll. unless he does, he's in, what was it, deep doo-doo. >> one way to look at it. >> do we arrive at a point where republican candidates -- >> that's the big question. to what degree is this base going to go with anybody but barack? i think romney will prove that out. the race is so unsettled at this po
. and then tonight at 7:00, jon huntsman slated to address college republicans at their convention in washington, d.c. and consumers sounding off on the nation's debt crisis, we'll hear from them next. my doctor told me calcium is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. >>> checking of courses cross-country. jetblue rolling out new all you can fly travel packages. the blue passes are tailored to business people flying out of boston an long beach. cheapest costs about 1300 bucks. >>> in new york, police say a man dressed as an armored truck driver robbed a check cashing store of almost $15,000 without a rousing suspicion. until hours later when the real armored truck officer arrived for the scheduled pickup. >>> and north of the border, new dad david webber won't forget the day his caught was born. he drove more than 100 miles an hour just so his wife could get an emergency c-section. and guess what? he got a pretty hefty
'm the senate republican whip jon kyl of arizona. by now, but americans the lawmakers are engaged in a difficult debate about the debt ceiling, the legal limit to the amount of money the federal government can borrow. the debt ceiling is currently set at a little more than $14 trillion and if the congress and the president don't reach an agreement to raise it by tuesday, the treasury secretary tells us america will no longer be able to pay its bills. the consequences of missing this deadline could be severe. it is precisely because of washington barrault's so much money, more than 40 cents out of every dollar spent. spending would have to shrink by 40% quickly. what is more, markets would likely respond, dropping in value and hurting their retirement savings of millions of americans. republicans have tried to work with democrats to avoid this result and put our country on a better path, but we need them to work with us. we start from the understanding that the reason the debt ceiling is a problem is because of runaway washington spending. republicans have been united in the belief that raising t
alluded to looking at this field that is coming together over the next several days. jon kyl rarely does anything by mistake, the republican of arizona, number two in the senate. he rarely ever utters a word by mistake. but accident. so i think that was pretty telling. it would be easy enough for them to extent the debt limit for a couple of days to buy them some time. they have always said they would do it if they knew they were close to a deal coming together. >> jenna: so what does this look like? being that you have been able to walk the halls there in congress, and see what the work is like being done. so what is actually happening behind closed doors right now? are they writing up a bill? is something starting from scratch? are they amending something already out there? what needs to be done before it could even start its way through congress, whatever path that is? >> remember, they have been doing this in one shape or another for almost a year now, believe it or not. they have a menu, what aides will describe often as a menu of options. and there is nothing that is really going t
% and jon huntsman with the excitement of his launch, 2%. romney, sticking his economic message and letting the craziness go on around him. >> they have run a very good opening portion of their campaign except one part of it. i'm surprised at the money. it's under $20 million. while it lasts, it's fine in compareson. four years ago, he was less known. you wonder where is the establishment. there's still a pot of money sitting on the sidelines that has gone to no one. maybe they are waiting for an alternative or say romney is figuring this out, he's on message, fine. all of a sudden, the second quarter number for romney is greater than the first. that could put away the race earlier than expected. that's the one part that surprises me. romney failed to ignite the money crowd around him and he's been flawless on message. >> the twitter town hall, we must clarify, the questions are twittered in. tweeted in. >> and the president doesn't type. >> it's not 140 characters. >> no hash tags. >> all right. what is the point behind it? a new way of reaching out and social networking. it hey, look at t
on a diet. i'm going to add calories to my excluded food intake." unquote. that was jon stewart. he hit the nail on the head. for sure it's easy to make fun but what the president is trying to do with tax expenditures is no laughing matter. liberals talk about tax expenditures as though they were just getting rid of wasteful spending. first, as a legal matter, tax expenditures are not spending. outlays are checks cut from the treasury department are defined as spending under the congressional budget act. that's what spending is. yet, most tax expenditures only lose revenue and do not include an outlay portion. tax expenditures that only lose revenue contain no spending as defined by the congressional budget act and is scored by the official scorekeepers for congress. the joint committee on taxation and the congressional budget office. and second, as a policy matter twhe comes to tax -- when it comes to tax expenditures, one person's loophole is another person's opportunity to save for college and retirement, finance a home and ties to your -- taoeugts -- tithes to your church. reducing
Search Results 0 to 25 of about 26 (some duplicates have been removed)